Icon Wealth Advisors LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,675 shares of the company’s stock, valued at approximately $324,000.
Several other large investors have also recently bought and sold shares of the stock. Landscape Capital Management L.L.C. bought a new position in Teradyne in the 4th quarter valued at about $356,000. Clear Street Group Inc. acquired a new position in shares of Teradyne during the 4th quarter worth approximately $921,000. Eventide Asset Management LLC acquired a new position in shares of Teradyne during the 4th quarter worth approximately $7,488,000. Element Wealth LLC acquired a new position in shares of Teradyne during the 4th quarter worth approximately $224,000. Finally, Entropy Technologies LP acquired a new position in shares of Teradyne during the 4th quarter worth approximately $7,120,000. 99.77% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on TER. Evercore set a $370.00 target price on shares of Teradyne in a research report on Thursday, April 30th. Morgan Stanley set a $387.00 target price on shares of Teradyne in a research report on Thursday, April 30th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price on the stock in a research report on Thursday, April 30th. Stifel Nicolaus increased their target price on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, UBS Group increased their target price on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $339.80.
Insider Activity at Teradyne
In related news, VP Ryan Driscoll sold 680 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the transaction, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. This represents a 8.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the transaction, the insider directly owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. The trade was a 6.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 10,941 shares of company stock valued at $3,751,992 in the last quarter. Insiders own 0.19% of the company’s stock.
Teradyne Price Performance
Shares of NASDAQ:TER opened at $432.41 on Tuesday. The company has a market cap of $67.69 billion, a price-to-earnings ratio of 80.08, a PEG ratio of 1.66 and a beta of 1.79. The firm has a 50 day simple moving average of $366.69 and a 200 day simple moving average of $294.00. Teradyne, Inc. has a one year low of $84.12 and a one year high of $437.77.
Teradyne (NASDAQ:TER – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.11 by $0.45. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The firm’s revenue was up 87.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 EPS. As a group, analysts expect that Teradyne, Inc. will post 7.09 EPS for the current year.
Teradyne Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 21st. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s payout ratio is currently 9.63%.
Teradyne Company Profile
Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.
The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.
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